State Insurance Department officials say they have begun a criminal investigation into the businesses of a Fayetteville man who killed himself in August.
The Fayetteville Observer reported that a spokeswoman says the state Insurance Department has begun the investigation of the business affairs of 63-year-old Raymond Lee Mulkey Jr.
Documents filed in Harnett County court show Mulkey left behind more than $40 million in liabilities and only $8 million in assets.
Those debts caused the Insurance Department to audit Mulkey's insurance businesses in Dunn and Fayetteville. Department spokeswoman Kristin Milam says the criminal investigation began after the audit was finished.
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